The Mig-35 and F/A-18E would be out due to relatively poor performances during the evaluation.

The F-16 would be out due to to the fact it is operated by Pakistan and has little groth potential for the future (Lockeed martin is said to push for the F-35)

“The MMRCA contest is now between the Eurofighter and the Rafale,” says an IAF officer associated with the flight evaluation. “It will boil down to price. But if the MoD accepts a smaller fighter, with a radar that has some way to go, the economically-priced Gripen could be the dark horse that wins.